{"id":55019,"date":"2021-01-19T07:30:48","date_gmt":"2021-01-19T07:30:48","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=55019"},"modified":"2021-01-19T08:13:58","modified_gmt":"2021-01-19T08:13:58","slug":"what-are-the-problems-with-qe","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/01\/19\/what-are-the-problems-with-qe\/","title":{"rendered":"What are the problems with QE?"},"content":{"rendered":"<div class=\"gmail_default\" data-removefontsize=\"true\" data-originalcomputedfontsize=\"16\">\n<p>Twelve years ago quantitative\u00a0easing was considered radical. It was called 'unconventional' monetary policy. Actually, it was government just using the power\u00a0it has to create money at will, which had been pretty much denied until that time.<\/p>\n<p>Now QE has become conventional - there will be more than \u00a3400 billion of it done this financial year in the UK alone. But there are problems with it. As a result I am creating a mini-series on the issues that QE is giving rise to, how we can address them, and how this relates to modern monetary theory, which some would like to see replace QE. This is the first in that series, and focuses on the strengths, and weaknesses, of what\u00a0is now conventional QE.<\/p>\n<\/div>\n<div data-removefontsize=\"true\" data-originalcomputedfontsize=\"16\"><\/div>\n<p><iframe loading=\"lazy\" title=\"What is the the problem with QE?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/-NSnEGhWDr0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twelve years ago quantitative\u00a0easing was considered radical. It was called &#8216;unconventional&#8217; monetary policy. Actually, it was government just using the power\u00a0it has to create money<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2021\/01\/19\/what-are-the-problems-with-qe\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,174,106],"tags":[],"class_list":["post-55019","post","type-post","status-publish","format-standard","hentry","category-economics","category-modern-monetary-theory","category-politics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/55019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=55019"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/55019\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=55019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=55019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=55019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}